Berkshire Investment Group Inc. announced today that it has entered into an agreement to purchase the outstanding shares of TPA Group of Companies.

The 27 year-old Ontario-based firm has approximately $500 million in assets under administration.

“We are extremely excited to be working with the quality advisors of TPA,” said Frank Laferriere, COO and CFO at Berkshire, in a statement.

“Like Berkshire, TPA is dedicated to serving their clients for the long term. Both of our corporate missions are similar, specifically our dedication and focus on wealth creation for our clients,” said Ted Piekarz, founder of TPA.

The deal is subject to regulatory approval and finalization of a definitive agreement.